Monday, 2 June 2014

Obama's legacy of failure

One of the weakest and most incompetent US Presidents ever is about to confirm the total failure of his domestic policy legacy:

The Obama administration will seek to cut greenhouse gas emissions from existing power plants 30% from 2005 levels by 2030, potentially one of the biggest steps any country has taken to confront climate change, people familiar with the plan said Sunday.Seen as the linchpin of President Obama's climate campaign and a key part of his domestic policy legacy, the proposed power plant rule would set state-specific targets for carbon dioxide reductions and let local officials decide how best to meet the goals.The proposal by the U.S. Environmental Protection Agency is intended to limit air pollution by carbon dioxide, a gas that traps heat in the atmosphere and drives global warming.

Fortunately, there are some strong voices, who will try to stop Obama:

Opponents — including the U.S. Chamber of Commerce, the mining industry and congressional Republicans and Democrats from coal-producing states — have already lined up against it. Critics labeled it government overreach that would do little to reduce climate change while costing tens of billions of dollars and thousands of jobs."Now the president is once again looking to do through regulation what he couldn't accomplish through legislation. But myself and others are sounding the real alarm of how the president's plan will be dangerous for our economy and future job opportunities," said Sen. James M. Inhofe (R-Okla.), citing a U.S. Chamber of Commerce report that estimated the rule could cost the economy $50 billion annually.